While announcing its plans for expansion of its retail footprint, Levi Strauss & Co also forecast a lower than expected drop in revenues in the current quarter after it saw a surge in its online which helped the denim maker to report a surprise profit.   The news of the better than...

A report that details strategies and tactics that the four largest United States based tech giants use for gaining a dominant market position in areas of  online search, advertising, social networking shopping and other businesses areas was issued by Democrats from a US House of...

French water company Veolia will acquire a 29.9% stake in Suez Environmental ("Suez") for €3.4 billion, Bloomberg reports. Previously, 32% of Suez shares were owned by Engie, one of the largest energy companies in France. The transaction was announced by the board of directors of Engie on Monday....

US pharmaceutical company Bristol Myers Squibb has agreed to purchase biotechnology company MyoKardia for $13.1 billion, Bristol-Myers reports. Under the terms of the agreement, Bristol Myers Squibb will pay $225 for each share of MyoKardia, the payment will be made in cash. The deal has been...

The ban that has been imposed on Chinese mobile applications TikTok and WeChat by the United States have violated the rules and regulations of the World Trade Organization (WTO), alleged Beijing n a meeting of the global trade regulatory body, said reports quoting a trade official.   In...

After announcing its intention to acquire the British rival Arm for $40 billion a few weeks ago, United States based chipmaker Nvidia has now pledged to build a supercomputer in Cambridge, England for £40 million or $52 million.   The Nvidia founder and Chief Executive Jensen Huang unveiled...

American company Airbnb, the operator of the housing rental service of the same name, plans to attract $3 billion in the upcoming initial public offering (IPO), reports Reuters. According to their information, the market value of the company as a result of the IPO may reach $ 30 billion. According...

US Noble Energy Inc.Shareholders greenlighted the upcoming merger with Chevron Corp. The deal, unveiled in July 2020, will become one of the largest in the industry since the COVID-19 pandemic started. The deal is essentially a swap of shares: shareholders of Noble Energy will be given 0.1191...

The direct messaging service within Instagram will be replaced by a version of its Messenger app, Facebook Inc said on Wednesday. This is the first step by the largest social media company of the world in its plans for bundling together all of its messaging services across its suite of apps....